Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, yield, and return will vary and you may have a gain or loss when you sell your shares.
For up-to-date standardized total returns, please click here.
The performance information shown does not reflect the deduction of redemption fees, if it did, the performance would be lower.
Note about the Floating Rate Fund's expense ratio:
The fund's gross expense ratio as of its fiscal year ended 05/31/2016 was
To protect the interests of shareholders, T. Rowe Price Associates will waive its fees and/or bear any expenses that would cause the
fund's expense ratio to exceed 0.78%.
This contractual expense limitation expires on 09/30/2017.
Fees waived and expenses paid under this agreement are subject to reimbursement to T. Rowe Price Associates, Inc. by the fund whenever the
fund's expense ratio is below 0.78%.
The fund's expense limitation does not cover borrowing expenses of 0.01% related to
the fund's line of credit. As a result, the fund's net expense ratio was
*Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics.